The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor - cover

The Wealth and Poverty of Nations

Why Some Are So Rich and Some So Poor

By David S. Landes

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About the book

Historian and economist David S. Landes sets out to explain why some countries and regions grew explosively while much of the world stood still. He compares the long economic histories of China, Japan, Latin America, the Arab world, Europe and the United States, and he weighs culture and enterprise alongside the numbers. Landes partly revives ideas he thinks academics wrongly dropped, among them Max Weber's Protestant work ethic, Karl A. Wittfogel's hydraulic thesis and the view that tropical climates hinder development. He argues that the Industrial Revolution grew out of particular qualities of Western Europe, England above all. Critics charged him with eurocentrism, a label Landes openly accepted. The title borrows from Adam Smith, and the book appeared in 1998.

Charlie Munger noted that its title borrows from an older work and heartily recommended it at a Berkshire Hathaway annual meeting.

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This book has 1 recommendation

Charlie Munger (Vice Chairman/Berkshire Hathaway)

And his book is a takeoff in title on Adam Smith, and the title is, "The Wealth and Poverty of Nations." And the guy's name is [David] Landes. So I would heartily recommend those 3 books.

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